Flora, Clay County, Illinois Property Taxes

Name: Property Tax Bills Across Flora, Clay County, Illinois
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median FLORA, IL effective property tax rate: 1.94%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median FLORA, IL home value: $40,888
Median annual FLORA, IL tax bill: $761, $1,639 lower than the national median property tax bill of $2,400.

How are property taxes in Clay County calculated?

Property taxes in FLORA, IL are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption. Understanding FLORA’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in FLORA, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Flora, Clay County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.94%

Estimate Property Tax Bill

$793

$736

Ownwell’s FLORA Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in FLORA with just two data points. By entering your property's estimated assessed value, our calculator applies FLORA’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Clay. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Flora, Clay County, Illinois

Local government entities set tax rates, which can vary widely within a state. This variation is because each county annually estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, this is the annual process in a nutshell. Below, you can compare Flora’s effective property tax rate to other cities in Illinois and the median property tax rates in Illinois and the U.S.

Property Tax Rates Across Flora, Clay County, Illinois

Source: Ownwell

1.45%

1.70%

1.94%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Flora Taxx Rate

1.94%

Median Effective Clay County Taxx Rate

1.78%

Median Effective Illinois Tax Rate

2.35%

Median Effective United States Tax Rate

0.99%

Property Tax Rates Across Flora, Clay County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
62839	0.68%	1.25%	1.94%	2.65%	3.17%

Source: Ownwell

Property Tax Assessment Values Across Flora, Clay County, Illinois

When examining property taxes in Flora, Illinois, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Clay County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.

In Clay County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Flora. For example, the median home price in Flora is $40,888, with tax bills ranging significantly across the county. Zip code 62839 has the highest median home price at $40,888.

Property Tax Assessment Values Across Flora, Clay County, Illinois

Source: Ownwell

$29,055

$39,255

$49,455

Median Flora Market Value

$40,888

Median Clay County Market Value

$42,012

Median Illinois Market Value

$194,700

Median United States Market Value

$244,900

Property Tax Assessment Values Across Flora, Clay County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
62839	$9,728	$18,814	$40,888	$81,916	$135,616

Source: Ownwell

Property Tax Bills Across Flora, Clay County, Illinois

In Flora, located in Clay County, IL, property tax bills are calculated based on the assessed value of a home, which is a percentage of the market value. Homeowners in Flora face a median property tax bill of $761, significantly lower than the national median property tax bill of $2,400. The 25th percentile tax bill is $283, while the 75th percentile reaches $1,768, and the 90th percentile goes up to $2,863. These figures highlight the variation in tax bills depending on property value and tax rate. Factors influencing these bills include the property's assessed value and the local tax rate, which can vary based on funding needs for schools, infrastructure, and other public services. For homeowners, these taxes represent a significant expense. Here, Ownwell steps in to assist by providing property tax appeal and exemption services, helping homeowners potentially lower their tax bills. By reviewing assessments and identifying discrepancies, Ownwell ensures that homeowners pay only their fair share, offering a valuable service for those looking to save.

Property Tax Bills Across Flora, Clay County, Illinois

Source: Ownwell

$334

$583

$832

Median Flora Tax Bill

$761

Median Clay County Tax Bill

$639

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,690

Property Tax Bills Across Flora, Clay County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
62839	$121	$283	$761	$1,768	$2,863

Source: Ownwell